The MA Candles Forex Trend indicator for MT4 (Metatrader 4) follows the most profitable currency trend with the help of colored candlesticks.
The indicator appears in the main MT chart as blue and red colored candlesticks that provide easy trend direction for any time frame.
Buy & Sell Trade Example
- A blue colored candlestick represents a buy signal.
- A red colored candlestick represents a sell signal.
The MA Candles Forex Trend indicator can be used for both trade entry and exit or as a trend filter for other strategies and systems.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “MA Candles.mq4” indicator for MT4
Indicator Chart (EUR/USD H1)
The example chart below displays the MA Candles Forex Trend mt4 indicator in action on the activity chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the MA Candles Forex Trend indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Trend
Does the indicator repaint? No.
